When asked directly about
whether Britain it would be better if Britain operated left the
EU, he added:“I think it
would be, because I really don’t think it would make a blind bit
of difference to trade with Europe. There has been far too much
scaremongering about things like jobs. I don’t think it’s in
anyone’s interest to stop trade. I don’t think we or Brussels
will put up trade barriers."

JCB is a privately-held
firm and reported a 6% drop in sales for 2014, compared with
2013, to £2.5 billion. The company said this was mainly due to
slide in emerging market sales. In China and Brazil, plant
machinery equipment revenue tanked by 17% in 2014, while Russia
reported a 27% plunge in sales.

In contract, sales in the UK
rocketed by 30% while revenue in the US jumped by 13%.

Britain's ruling Conservative
Party will have to deliver a referendum by 2017 over whether
Britain will stay part of the EU or not, since it was a linchpin
pledge during the campaign.

"Our determination is clear: to deliver the reform and then let
the people decide," Osborne said in a speech at a Tory party
conference on January 14. "It is the status quo which condemns
the people of Europe to an ongoing economic crisis and continuing
decline. And so there is a simple choice for Europe: reform or
decline."